Ethiopia to Open Up Telecoms, Airline to Foreign Investors

  • Government calls for stake sales in state-owned enterprises
  • Wireless operators including MTN, Vodacom likely to bid

By Nizar Manek and John Bowker, 6 June 2018
(Bloomberg) --
Ethiopia is opening the state-owned telecommunications company and airline to foreign investors for the first time, a move that indicates new Prime Minister Abiy Ahmed is more receptive to outside interests in Africa’s second-most populous nation.
Ethiopia will sell minority stakes to foreign and domestic investors in state monopolies such as Ethio Telecom and Ethiopian Airlines Enterprise, the continent’s biggest airline, as well as Ethiopian Shipping & Logistics Services Enterprise, the state-run Ethiopian News Agency said late Tuesday, citing the ruling Ethiopian People’s Revolutionary Democratic Front.
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